IDBI Bank has introduced ‘Electronic-Insurance Account (e-IA)’ in association with NSDL Database Management (NDML). e-IA is the portfolio of insurance policies of a policy holder held in electronic form with an insurance repository.
Under this facility, customers can buy and keep insurance policies in electronic form, rather than as a paper document. This facility will not only provide policy holders a facility to keep insurance policies in electronic form but also enable them to undertake changes, modifications and revisions in the insurance policies.
IDBI Bank is new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1,217 branches and 2,101 ATMs.
